A detailed view of how the Seattle Angel Group Ecosystem has evolved since 2010. If you are an entrepreneur it gives you insight into which group to approach for funding

1. @Elaingelinvest
Seattle Angel Group Ecosystem Evolution
Elaine Werffeli
May 16, 2018
elaine@elaingelinvest.com
Presented at SAC XIII Finals Event

2. Like Whistler Snow..Seattle as a Dynamic
Startup Ecosystem
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3. Angel Groups in Seattle
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Group Industry Stage Form
SAC Designed to cultivate New Angel
Investors – Sector agnostic
Early & Seed Event Fund
Wings Medical Technology Focus Early & Seed Network
Puget Sound Venture Club 2/3rds tech/ 1/3rd non-tech Early – Post Revenue Network
TiE Angel Group Seattle
(TAGS)
Industry agnostic angel arm of TiE Early, Seed & Series A Fund
SAF Sector agnostic Seed & Series A Active Fund
Element 8 Cleantech Focus –Nation wide Seed & Series A Network + Passive
Fund
Alliance of Angels (AOA) Mostly Tech focused Seed & Series A – post
revenue
Network + Passive
Fund
Keiretsu Forum on the NW Tech, Consumer & Real Estate Series A – Post revenue Passive Fund

4. Angel Groups in Seattle
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5. Angel Groups in Seattle
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6. 2010
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7. 2011
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8. 2012
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9. 2013
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10. 2014
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11. 2015
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12. 2016
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13. Angel Groups in Seattle
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Entrepreneurs Angels
• All Angel Groups are not Alike
• Know the stage(s) they invest in
• Know their Average Deal Size
• Know their Industry Focus
• Know their Members
• Match your needs to Angel
Profile
• Develop an investment Thesis
• Build diversified portfolio (20+)
• Connect with like minded investors
• Mentor Start-ups on funding fit

14. @Elaingelinvest
Start with the right Angel group for you!

15. Forms of Angel Investment Groups
Form Description
Angel Network Angel groups which bring together investors for pitches and company reviews , but which then
let each investor decide if they want to be part of each deal separately. This is a Pitch then
Invest format. More than 90% of the US Angel Groups are in the form of a network.
Funds While all Angel Groups are seeing presentations and pitches of some kind, Funds take a
commitment for investment ahead of time. The key distinguishing feature between the types of
funds are Who makes the decision to invest and When they make the decision to invest.
Active Fund An Active Angel fund has a significant portion of the member investors actively involved in the
screening, deal flow, due diligence and investment decision.
Passive Fund In Passive funds, investor are passive in the selection of which companies to invest in.
Essentially, the passive fund relies on some other group or agency to do the fundamental due
diligence and investment selection.
Managed Fund When you have specific partners who you want making the investment analysis and investment
decision, a managed fund provides for General Partners who manage the decision process.
Event Fund In this case both the investment is taken up front and the date of when the investment will be
decided are defined up front before the companies are known.
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